Leo R. Kane Retires, Sells Credit Management Company

After a very successful 45 years, Leo Kane has sold the company he founded in 1966, the Credit Management Company, the company announced this week.

Credit Management Company is one of Pennsylvania’s largest and most successful accounts receivables management companies, with clients throughout North America. Its major client base includes hospitals and medical facilities in Western Pennsylvania, the Philadelphia area and Virginia. Other clients include credit unions, governments and education.

According to Mr. Kane, “The company will now be operated by Academy Association Incorporated of Durham, North Carolina, which promises a seamless transition for uninterrupted client work. In fact, the entire staff and management will be retained, so customers can count on the same high quality, standards and results. With the sale, Credit Management Company will now be able to offer additional services, delivering the same excellent results — or better.”

Credit Management Company has carved out a niche as a premier, full-service collections and accounts receivables management agency. It operates a state-of-the art call center, and employs a variety of advanced collection tools and techniques. “Our calling card has always been open and frequent communication, our consistent innovation and most importantly, hiring the best people in the industry,” Mr. Kane says.

With the company’s expertise, these clients have been able to accelerate their cash flow, replace their collection letter processes and reduce their operating costs. “It’s the best of both worlds,” continues Mr. Kane. “We offer the very latest technology and the most experienced, talented staff.”

Mary Lou Muti, a 30-year management member, has been appointed the company’s new president.

Mr. Kane will now move on to pursue other interests.

Credit Management Company can be reached at 800-472-1483.